El Salvador’s official Bitcoin office will provide certificates to 80,000 citizens.
El Salvador is a Bitcoin bull country, which officially adopted Bitcoin as legal tender in September 2021. Currently, this country holds a total of 5,848.76 BTC to date. The country has been buying 1 BTC per day to increase the Bitcoin balance in its treasury funds.
#ElSalvador currently holding 5,848 BTC pic.twitter.com/uacyCF91iw
— Bitcoinik (@Bitcoinikdotcom) August 21, 2024
On 20 Aug 2024, El Salvador’s National Bitcoin Office announced that it will soon start offering Bitcoin training and certification to 80,000 civil servants. Additionally, open-source Bitcoin courses, Mi Primer Bitcoin and Node Nation, will be introduced in public schools.
🇸🇻EL SALVADOR CONTINUES TO TRAILBLAZE!El Salvador will soon begin providing #Bitcoin instruction and certification to 80,000 public servants. https://t.co/gG9tMPvnPa
— The Bitcoin Office (@bitcoinofficesv) August 20, 2024
With this initiative, the El Salvador government aims to increase Bitcoin education and adoption among its citizens.
El Salvador & Bitcoin Mining
With the Bitcoin adoption decision, this country also started working on renewable energy-based power plant establishment and Bitcoin mining. To date, El Salvador has mined a total of 474 BTC.
🇸🇻 El Salvador mined 474 #Bitcoin worth $29 million using volcano-fueled geothermal power 🤯 pic.twitter.com/Wr6RPofKm3
— Vivek⚡️ (@Vivek4real_) August 18, 2024
Recently, the El Salvador president said that they are only achieving this success with the simple recycling of water vapour.
More volcano bitcoin coming! https://t.co/54dxhpI0dt
— The Bitcoin Office (@bitcoinofficesv) August 19, 2024
El Salvador’s Bitcoin Bank Plan
Just months ago, we reported that El Salvador government agencies decided to establish a Bitcoin bank system.
The country proposed the ambitious plan to establish a Bitcoin bank with the initiative to increase financial inclusion by providing banking services powered by Bitcoin, further solidifying El Salvador’s commitment to becoming a global leader in cryptocurrency adoption.
https://t.co/C4hdPJphlP#Bitcoin Dips To $65k But Still, #ElSalvador Remains Bullish With “#BitcoinBank” Plan
— Bitcoinik (@Bitcoinikdotcom) June 15, 2024
Read also: Nigerian SEC Planning to Start Giving Crypto Licences to Crypto Exchanges: Crypto Regulation Coming in Nigeria
